Susquehanna International Group Portfolio holdings
Susquehanna International Group (SIG), founded in 1987 by Jeff Yass and a group of friends, is a privately held global quantitative trading and technology firm headquartered in Bala Cynwyd, Pennsylvania. Specializing in trading equities, fixed income, commodities, derivatives, and ETFs, SIG has grown into a major market maker, handling around 600 equity options and 45 index options across exchanges like the CBOE, while employing over 3,000 people worldwide. The firm leverages a data-driven, probabilistic approach—rooted in the founders’ poker-playing days—to provide liquidity and competitive pricing in financial markets, with additional ventures in private equity, venture capital (notably an early investment in ByteDance, TikTok’s parent company), and sports betting analytics. Known for its innovative culture and use of game theory, SIG operates offices across North America, Europe, Asia, and Australia, maintaining a low-profile yet influential presence in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.17B |
| 2 |
Netflix
NFLX
|
+$753M |
| 3 |
JPMorgan International Research Enhanced Equity ETF
JIRE
|
+$749M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$662M |
| 5 |
Walmart Inc
WMT
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.08B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$426M |
| 3 |
Meta Platforms (Facebook)
META
|
+$372M |
| 4 |
TSMC
TSM
|
+$331M |
| 5 |
Pinduoduo
PDD
|
+$319M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.7% |
| 2 | Consumer Discretionary | 0.84% |
| 3 | Communication Services | 0.67% |
| 4 | Financials | 0.66% |
| 5 | Healthcare | 0.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ETOR
2051
CALL
eToro Group
ETOR
$2.25B
| $23.1M | ﹤0.01% |
658,800
+386,900
| +142% | +$14.9M |
|
2052
PUT
Incyte
INCY
$24.4B
| $23.1M | ﹤0.01% |
234,100
+79,000
| +51% | +$7.64M |
|
2053
PUT
Natera
NTRA
$44.8B
| $23.1M | ﹤0.01% |
100,900
-147,100
| -59% | -$30.7M |
|
2054
PUT
Ionis Pharmaceuticals
IONS
$9.46B
| $23.1M | ﹤0.01% |
292,100
+85,400
| +41% | +$6.43M |
|
2055
PUT
Cintas
CTAS
$79.9B
| $23.1M | ﹤0.01% |
122,700
-133,000
| -52% | -$25.1M |
|
2056
PUT
Factset
FDS
$10.1B
| $23.1M | ﹤0.01% |
79,500
-34,700
| -30% | -$9.74M |
|
2057
Atmus Filtration Technologies
ATMU
$4.1B
| $23M | ﹤0.01% |
443,994
+126,274
| +40% | +$6.11M |
|
2058
PUT
Brown-Forman Class B
BF.B
$13.1B
| $23M | ﹤0.01% |
884,000
+705,500
| +395% | +$19.9M |
|
2059
CALL
Cal-Maine
CALM
$3.8B
| $23M | ﹤0.01% |
288,900
+142,000
| +97% | +$12.5M |
|
2060
PUT
Public Storage
PSA
$60.8B
| $23M | ﹤0.01% |
88,500
-54,200
| -38% | -$15.2M |
|
2061
CALL
Skyworks Solutions
SWKS
$10.3B
| $22.9M | ﹤0.01% |
361,600
+30,200
| +9% | +$2.11M |
|
2062
Motorola Solutions
MSI
$77.5B
| $22.9M | ﹤0.01% |
59,806
+29,605
| +98% | +$11.9M |
|
2063
Quantum Computing Inc
QUBT
$2.01B
| $22.9M | ﹤0.01% |
2,231,454
+284,981
| +15% | +$4.06M |
|
|
FRMM
2064
CALL
Forum Markets
FRMM
$80.7M
| $22.9M | ﹤0.01% |
4,669,800
+4,124,440
| +756% | +$58.2M |
|
2065
PUT
Aflac
AFL
$61.1B
| $22.8M | ﹤0.01% |
207,200
-168,800
| -45% | -$18.6M |
|
2066
Grab
GRAB
$14.8B
| $22.8M | ﹤0.01% |
4,574,428
-3,450,000
| -43% | -$19.1M |
|
2067
CALL
Alignment Healthcare
ALHC
$2.91B
| $22.8M | ﹤0.01% |
1,153,800
-69,600
| -6% | -$1.25M |
|
2068
CALL
Rhythm Pharmaceuticals
RYTM
$8B
| $22.8M | ﹤0.01% |
212,800
-46,800
| -18% | -$4.96M |
|
2069
PUT
ACM Research
ACMR
$5.58B
| $22.8M | ﹤0.01% |
577,200
-80,600
| -12% | -$3M |
|
2070
CALL
Agios Pharmaceuticals
AGIO
$1.99B
| $22.8M | ﹤0.01% |
836,000
+568,700
| +213% | +$20M |
|
2071
Stryker
SYK
$130B
| $22.7M | ﹤0.01% |
64,504
-33,197
| -34% | -$12.1M |
|
|
2072
PUT
Quantum Computing Inc
QUBT
$2.01B
| $22.6M | ﹤0.01% |
2,206,800
-1,372,600
| -38% | -$19.5M |
|
2073
General Mills
GIS
$21B
| $22.6M | ﹤0.01% |
485,889
-125,885
| -21% | -$5.98M |
|
2074
WEC Energy
WEC
$35.9B
| $22.6M | ﹤0.01% |
214,144
+166,892
| +353% | +$18.5M |
|
2075
PUT
Globalstar
GSAT
$10.6B
| $22.6M | ﹤0.01% |
369,800
-182,700
| -33% | -$10.1M |
|
Similar funds
Susquehanna International Group's Q4 2025 Portfolio in Review
As of Q4 2025, Susquehanna International Group held 14,094 positions worth $868B, down 0.79% from $875B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group's Q4 2025 filing shows 1,864 new, 4,890 increased, 5,380 reduced and 1,914 closed positions. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $2.08B.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.7% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Susquehanna International Group's largest Q4 2025 buy was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M.
- Susquehanna International Group added most to Invesco QQQ Trust in Q4 2025, an estimated $1.17B increase.
- Susquehanna International Group's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.08B.
- Susquehanna International Group fully exited Innovator US Equity Power Buffer ETF September in Q4 2025, selling an estimated $26.5M.
- Susquehanna International Group's ten largest holdings make up 24% of its $868B portfolio in Q4 2025.
- Susquehanna International Group opened 1,864 new positions and closed 1,914 in Q4 2025.
- Susquehanna International Group's portfolio value fell 0.79% quarter-over-quarter to $868B.
Based on Susquehanna International Group's 13F filing for Q4 2025, filed 17 Feb 2026.